Bitcoin (CRYPTO:BTC) exchange withdrawal trends reveal a significant shift as anticipation for spot ETFs and the forthcoming halving event tightens the grip on Bitcoin's (BTC) available supply.

Since the inception of spot exchange-traded funds (ETFs) in the United States, exchanges have observed an exodus of nearly $10 billion worth of Bitcoin.

According to data from on-chain analytics firm Glassnode, this outflow equates to over 136,000 BTC departing from exchanges since January 11.

This massive withdrawal of Bitcoin from exchanges underscores a bullish sentiment among investors, as the dwindling exchange supply suggests a growing preference for holding onto BTC in anticipation of favorable market dynamics.